menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 25
  4. Exam
    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
  5. Question
    If,in Response to a Decrease in the Price of Coffee,the
Solved

If,in Response to a Decrease in the Price of Coffee,the

Question 145

Question 145

Multiple Choice

If,in response to a decrease in the price of coffee,the quantity demanded of coffee increases,economists would describe this as


A) an increase in demand.
B) an increase in quantity demanded.
C) a change in consumer income.
D) an increase in consumers' taste for coffee.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: In January,buyers of gold expect that the

Q111: Indicate whether each of the following situations

Q127: If the quantity demanded for a product

Q147: Use the following demand schedule for cherries

Q150: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4189/.jpg" alt="Figure 3-5

Q157: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-2

Q161: If the population increases and input prices

Q209: _ means the supply curve has shifted

Q221: Discuss the correct and incorrect economic analysis

Q226: A decrease in the price of pork

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines